An investment firm has launched a smart meter bond fund, initially aiming to raise £10 million.
Foresight Group claims it is the first of its kind offering for the roll out of smart meters.
The funds raised will generate returns by lending to companies that own, operate and rent smart meters to energy suppliers in the UK.
Investors have the choice to invest over one, two or three-year fixed terms for between 4.07% and 4.83% rates of interest per year.
Smart meters come with an in-home display screen that show consumers how much energy they are using in pounds and pence, in near real time.
Foresight has to date invested £74 million in more than 160,000 smart meters across the UK.
Bernard Fairman, Chairman of Foresight said: “We manage funds for more than 22,000 private investors and for some of the world’s leading financial institutions and our innovative Foresight Smart Bonds Fund is a good example of providing investors with market leading risk adjusted returns whilst improving the energy infrastructure across the UK.”